Toyota Yaris Could Get Cheaper Under New Automotive Policy

In practice, the Toyota Yaris could see a substantial cost reduction under Pakistan's proposed Automotive and Auto Parts Policy 2026-31.

Key points

• Suzuki Cultus Among Cars Projected to Secure Cheaper Under New Policy Oct 21, 2026 5: 03 pm.
• Suzuki Alto Cost Anticipated to Drop Under New Auto Policy Oct 21, 2026 4: 53 pm.
• 1.7 Billion Automotive Testing Institute Oct 21, 2026 4: 24 pm.
• The draft divides new energy vehicles into three categories: Range Extended Electric Vehicles (REEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs).
• According to estimates published by The Express Tribune, the 1, 496cc Toyota Yaris, priced at Rs.

Prime Minister Shehbaz Sharif approved the policy's final draft on Tuesday. The administration will submit it to the International Monetary Fund (IMF) for approval before seeking federal cabinet approval and introducing the necessary bill in parliament. Suzuki Cultus Among Cars Projected to Secure Cheaper Under New Policy.

For context, the draft divides new energy vehicles into three categories: Range Extended Electric Vehicles (REEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and Battery Electric Vehicles (BEVs). It proposes sales tax rates of 6% for REEVs, 9% for PHEVs, and 1% for BEVs, subject to IMF approval.

Hybrid electric vehicles and conventional vehicles will be treated equally in terms of duties and taxes. For conventional ICE cars and SUVs, the proposed customs duty will be 15% in 2031, without extra or regulatory duty.

According to estimates published by The Express Tribune, the 1, 496cc Toyota Yaris, priced at Rs. 6 million, could fall to Rs. 5.3 million in the first year, a potential reduction of Rs. 700, 000. Suzuki Alto Cost Anticipated to Drop Under New Auto Policy.

This is an estimated cost impact, not an official announcement. The policy still requires IMF and federal cabinet approval. Stay Connected with ProPakistani.

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Pakistan Intends Rs. 1.7 Billion Automotive Testing Institute Oct 21, 2026 4: 24 pm.

Taken together, the developments around toyota Yaris Could Get Cheaper Under New Automotive Policy point to a situation that is still moving, and the coming days should bring more clarity.